E-Jurnal
The Typewritten Market: Shariʿah-Compliance and Securitisation in the Law of Islamic Finance. E-Jurnal
By taking inspiration from Wisława Szymborska’s poetry and Brinkley Messick’s scholarship, this article interprets the law of Islamic finance as evidence of a radical shift
in the social anthropology of Islamic law from classical to contemporary times. To this
aim it highlights the changes from fiqh in medieval trade (where individual actions
were judged according to rules legitimised by their own local context) to the current
process of Shariʿah-compliance, arguing that this process belongs to a textual polity
where standardised certificates, contracts and securities have replaced actual social
relations in the global financial market. In the light of this, the article advances the notion of Typewritten Market to depict the nature of Islamic finance as a socio-economic
space embodying a ‘de-materialised Šarīʿah’: that is to say, a meaning of Islamic law
whose contemporary time belongs more to legal/financial technology rather than to
Muslim human action
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